<p>As someone previously mentioned, depending on the state, you may be able to get a tax deduction for funds put in a 529.</p>
<p>In Pennsylvania, if I remember correctly, the money doesn’t even have to stay in the 529 plan long.</p>
<p>In other words, you can deposit up to $14,000 per taxpayer ($28,000 for married) into any 529 plan, withdraw it a few weeks later, and get a tax deduction. </p>
<p>You can do this each year the child is in college.</p>